Friday, January 9, 2015

The Year in Review-2014-5

With all the chaos taking place in Syria and Iraq especially Iraq, the rise of the Kurds have been particularly spectacular. This group although Sunni have never been given its due share in the Iraqi government. And the Arabs, although Sunnis, never liked the Kurds because they were of different ethnicity and hence have different cultures. During the ISIS blitz in Iraq, the Kurds were being displaced in increasing numbers and since the Kurds have come to ally themselves with the West, they were equally qualified to fight off ISIS and they have done a remarkable job till now. The New Shiite Iraqi government also went along and provided them with weapons and support from other Shiite Fighters and for now Kurds having been holding up pretty much against ISIS. And with this acknowledgment, the Kurds are systematically pushing for a nation of their own, although, Syria, Turkey, Iraq and Iran are resistant to that idea due to their own Kurd population.
And the now biggest news that has impacted me financially and I know hundreds of millions of people worldwide is the price of oil which has dropped from more than 110 dollars a barrel to now below 50 dollars with contributing factor of the United States being a net producer due to the fracking technology that has unleashed. I know that the oil exporting countries are hurting but the rest of the worlds' countries are getting the benefit of lower oil prices and growth in their economies. So that is all I have to write about the major events of last year, hopefully this year will be must better. So Happy New Year to you and your families.